FG releases N11.828bn for pension arrears

1

Pensioners under accrued right benefits would be smiling home soon as the federal government approved N11.828 billion to clear pension backlog.

National Pension Commission (Pencom), however, confirmed the sum as approved by the federal government on Wednesday.

Accrued rights represent benefits for employees of Treasury Funded Ministries, Departments and Agencies (MiDAs) who worked up to June 2004, when the Pension Reform Act was introduced Mr. Peter Aghahowa, the Head of Corporate Communications of Pencom disclosed this in a statement, on Wednesday.

He expressed the commission’s appreciation over the effort of the Federal Government at ensuring that the accrued rights arrears were cleared.

In 2017, President Muhammadu Buhari similarly approved released of N41.5 billion for the clearance of backlog of inherited accrued pension benefit owed to retired pensioners.

The money was due to civil servants that retired under the Contributory Pension Scheme between 2014, 2015 and 2016 under accrued pension benefit.  (New Telegraph)

1 thought on “FG releases N11.828bn for pension arrears

  1. 577388 857245There is an ending. Just remember that I meant for this to be an art game. I do feel like I spent an inordinate amount of time on the more traditional gameplay elements, which may make the meaning with the game a bit unclear. In the event you mess around with it though, youll find it. 796169

Leave a Reply

Your email address will not be published. Required fields are marked *